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+--- Thread: Toshiba Is $6.3 Billion in the Hole (/showthread.php?tid=201745)
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Toshiba Is $6.3 Billion in the Hole - $tevie - 02-14-2017
Toshiba, one of Japan’s most storied companies, is in serious trouble. The company was supposed to report its quarterly earnings on the Tokyo Stock Exchange today, but it never showed up. Instead, it said it wasn’t ready and begged for another month to file.
It then got worse, as the Washington Post reports. The company ended up admitting that it take a $6.3 billion write down related to an acquisition made by its subsidiary, Westinghouse. The chairman of Toshiba, Shigenori Shiga, also resigned, reportedly to “take responsibility for the losses,” according to the Post.
http://gizmodo.com/toshiba-is-6-3-billion-in-the-hole-after-some-terrible-1792342910
Re: Toshiba Is $6.3 Billion in the Hole - hal - 02-14-2017
My god - how much longer can this go on?
Re: Toshiba Is $6.3 Billion in the Hole - testcase - 02-14-2017
Maybe Toshiba should buy Sears........... 8-)
Re: Toshiba Is $6.3 Billion in the Hole - space-time - 02-14-2017
Or Sears should buy Toshiba.
Re: Toshiba Is $6.3 Billion in the Hole - jdc - 02-14-2017
Westinghouse... bad-ump
So does resign = retire? Hes prob got millions from being CEO, and will still get his stock options -- so just live out the rest of you life in peace with family?
Re: Toshiba Is $6.3 Billion in the Hole - freeradical - 02-14-2017
space-time wrote:
OrSearsKodak should buy Toshiba.
Re: Toshiba Is $6.3 Billion in the Hole - RgrF - 02-15-2017
jdc wrote:
Westinghouse... bad-ump
So does resign = retire? Hes prob got millions from being CEO, and will still get his stock options -- so just live out the rest of you life in peace with family?
The loss of 'face' isn't something money can restore.
Re: Toshiba Is $6.3 Billion in the Hole - NewtonMP2100 - 02-15-2017
.....so this Hole.....needs to be filled......???
Re: Toshiba Is $6.3 Billion in the Hole - Carnos Jax - 02-15-2017
There's no glory being in this kind of hole.
Re: Toshiba Is $6.3 Billion in the Hole - rz - 02-15-2017
Carnos Jax wrote:
There's no glory being in this kind of hole.
